Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX+2.521%7-day average +2.350% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.625%−$62 · spread now +2.521%, 7d avg +2.350%

Together, before fees−0.626%−$63 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.171% dearer against SunX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +2.350%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2047	0.0100	pay 0.0050% / 4h	1h 39m	$958	$814K	20x
Short	BingX ENA-USDC	0.2098	0.0100	get 0.0050% / 4h	1h 39m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BingXbpOrdersPrice spread, now +2.521%Rate

Funding earned: $0
Price spread: +2.521% → +2.350%: $17.14
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$0.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 32 min ago; BingX: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 32 min ago	258.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	0.48 bp	10.6 bp −$11	21.8 bp −$218	65.9 bp −$6,590	436.2 bp −$218.1K

ENA on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0067%	4h	0.2099	+2.575%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0050%	1h	0.2101	+2.658%	$362K	$481K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+2.614%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	+2.595%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.747%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2100	+2.592%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2101	+2.648%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	+2.555%	$59K	$537K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	+2.462%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	+2.443%	$659K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2100	+2.608%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2098	+2.518%	$406K	$581K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	+2.519%	$129.3M	$460.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2097	+2.467%	$87.2M	$191.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+2.541%	$20.3M	$112.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	+2.511%	$21K	$415K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2099	+2.555%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+2.499%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2098	+2.511%	$10.5M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	+2.516%	$45.0M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+2.560%	$24.0M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	+2.433%	$47.5M	$65.2M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2098	+2.521%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2096	+2.419%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	+2.500%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	+2.366%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	+2.409%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	+2.526%	$188K	$2.8M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2047	long leg	$958	$814K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2100	+2.604%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	+2.741%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2100	+2.604%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2095	+2.361%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2099	+2.555%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0226% / S −0.0377%	1h	0.2100	+2.608%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2097	+2.479%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	+2.463%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	+2.487%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2101	+2.643%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0565%	1h	0.2102	+2.682%	$111.0M	$79.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2102	+2.687%	$803K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1895%	1h	0.2099	+2.573%	$139K	$15K	5x	as long as short